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Eqt Corporation  (EQT)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Eqt's Customers Performance

EQT

 
EQT's Source of Revenues In the Q4, Eqt Corporation's corporate clients experienced a deterioration by -16.5 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -3.51 %. During the corresponding time, Eqt Corporation revenue deteriorated by -41.29 % year on year, sequentially revenue grew by 72.24 %. While revenue at the Eqt Corporation's corporate clients fell by -12.83 % year on year, sequentially revenue grew by 41.82 %.

List of EQT Customers




Customers of Eqt Corporation saw their costs of revenue deteriorate by -16.5 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -3.51 %, for the same period Eqt Corporation revnue deteriorated by -41.29 % year on year, sequentially revenue grew by 72.24 %.

List of EQT Customers


   
Customers Net Income grew in Q4 by Customers Net margin grew to
12.37 % 5.93 %



Eqt's Customers, Q4 2023 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry -23.82 %   
Customers in Aluminum Industry -3.17 %   
Customers in Iron & Steel Industry -23.5 %   
Customers in Miscellaneous Fabricated Products Industry -4 %   
Customers in Construction Raw Materials Industry -53.96 %   
Customers in Miscellaneous Manufacturing Industry      3.22 %
Customers in Industrial Machinery and Components Industry -1.57 %   
Customers in Auto & Truck Parts Industry      0.77 %
Customers in Agricultural Production Industry -33.41 %   
Customers in Oil And Gas Production Industry -26.4 %   
Customers in Oil & Gas Integrated Operations Industry -13.99 %   
Customers in Renewable Energy Services & Equipment Industry -3.01 %   
Customers in Oil Refineries Industry -5.08 %   
Customers in Property & Casualty Insurance Industry      12.26 %
Customers in Investment Services Industry      10.44 %
Customers in Real Estate Investment Trusts Industry      9.7 %
Customers in Professional Services Industry      38.59 %
Customers in Electric Utilities Industry      1.96 %
Customers in Natural Gas Utilities Industry -4.5 %   
     
• Customers Valuation • Customers Mgmt. Effect.


Eqt's Comment on Sales, Marketing and Customers



Natural Gas Sales: The Company’s produced natural gas is sold to marketers, utilities and industrial customers located mainly in the Appalachian Basin and a gas processor in Kentucky and West Virginia. Natural gas is a commodity and therefore the Company receives market-based pricing. In addition, the market price for natural gas in the Appalachian Basin experienced a decline relative to the price at Henry Hub, which is the location for pricing NYMEX and natural gas futures. Changes in the market price for natural gas, including basis, impact the Company’s revenues, earnings and liquidity. The Company is unable to predict potential future movements in the market price for natural gas, including Appalachian basis, and thus cannot predict the ultimate impact of prices on its operations; however, the Company monitors the market for natural gas and adjusts strategy and operations as deemed to be appropriate. In order to protect cash flow from undue exposure to the risk of changing commodity prices, the Company hedges a portion of its forecasted natural gas production, most of which is hedged at NYMEX natural gas prices.


Natural Gas Transmission, Storage and Marketing: Natural gas transmission and storage operations are executed using transmission and underground storage facilities owned and/or operated by the Company or the Partnership. EQT Energy provides marketing services and third-party contractual pipeline capacity management for the benefit of EQT Production and leases storage capacity in order to take advantage of seasonal spreads where available. EQT Energy also engages in risk management and energy trading activities, the objective of which is to limit the Company’s exposure to shifts in market prices and to optimize the use of the Company’s assets.

Customers of EQT Midstream’s gas transportation, storage, risk management and related services are affiliates and third parties in the northeastern United States, including, but not limited to, Dominion Resources, Inc., Keyspan Corporation, NiSource Inc., PECO Energy Company and UGI Energy Services, Inc.






Eqt's Comment on Sales, Marketing and Customers


Natural Gas Sales: The Company’s produced natural gas is sold to marketers, utilities and industrial customers located mainly in the Appalachian Basin and a gas processor in Kentucky and West Virginia. Natural gas is a commodity and therefore the Company receives market-based pricing. In addition, the market price for natural gas in the Appalachian Basin experienced a decline relative to the price at Henry Hub, which is the location for pricing NYMEX and natural gas futures. Changes in the market price for natural gas, including basis, impact the Company’s revenues, earnings and liquidity. The Company is unable to predict potential future movements in the market price for natural gas, including Appalachian basis, and thus cannot predict the ultimate impact of prices on its operations; however, the Company monitors the market for natural gas and adjusts strategy and operations as deemed to be appropriate. In order to protect cash flow from undue exposure to the risk of changing commodity prices, the Company hedges a portion of its forecasted natural gas production, most of which is hedged at NYMEX natural gas prices.


Natural Gas Transmission, Storage and Marketing: Natural gas transmission and storage operations are executed using transmission and underground storage facilities owned and/or operated by the Company or the Partnership. EQT Energy provides marketing services and third-party contractual pipeline capacity management for the benefit of EQT Production and leases storage capacity in order to take advantage of seasonal spreads where available. EQT Energy also engages in risk management and energy trading activities, the objective of which is to limit the Company’s exposure to shifts in market prices and to optimize the use of the Company’s assets.

Customers of EQT Midstream’s gas transportation, storage, risk management and related services are affiliates and third parties in the northeastern United States, including, but not limited to, Dominion Resources, Inc., Keyspan Corporation, NiSource Inc., PECO Energy Company and UGI Energy Services, Inc.










EQT's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Eqt Corporation 13,733.83 6,908.92 1,734.54 693
Centerpoint Energy Inc 17,681.74 8,696.00 917.00 12,901
Conocophillips 145,440.27 56,141.00 10,957.00 9,900
Devon Energy Corp 30,420.92 15,412.00 3,825.00 1,600
Dte Energy Co 22,624.79 12,745.00 1,397.00 10,300
Empire Petroleum Corporation 123.41 37.42 -9.96 0
Williams Companies Inc 45,465.66 10,907.00 3,303.00 4,783
Entergy Corporation 21,784.16 12,147.41 2,362.31 12,369
Exxon Mobil Corporation 454,884.48 344,582.00 37,354.00 63,000
Marathon Oil Corporation 16,140.96 6,697.00 1,554.00 1,531
Nisource Inc 11,915.07 0.00 0.00 0
Occidental Petroleum Corporation 76,099.28 28,257.00 5,619.00 11,678
Sitio Royalties Corp 3,767.95 526.21 99.73 1,745
Sunoco Lp 6,537.21 23,068.00 824.00 22,500
Valero Energy Corp 58,955.54 144,766.00 9,149.00 9,813
Xcel Energy Inc 28,711.17 25,652.00 1,771.00 11,321
Southwestern Energy Company 7,773.96 6,522.00 1,557.00 2,781
Intercontinental Exchange Inc 75,956.85 10,222.00 2,438.00 8,858
Loews Corp 17,547.69 15,901.00 1,545.00 10,340
Sea Limited 32,287.24 12,449.71 -1,657.77 5,900
Oneok Inc 37,730.99 17,677.00 2,659.00 2,847
Phillips 66 71,038.20 147,399.00 7,239.00 14,000
Kinder Morgan Inc 39,789.85 15,334.00 2,486.00 10,529
Eversource Energy 20,694.02 11,910.71 -434.72 9,227
Pdc Energy Inc 6,524.40 4,220.27 1,850.54 395
Adams Resources and Energy Inc 63.63 2,745.29 0.21 645
Ngl Energy Partners Lp 785.72 7,375.81 60.41 2,700
Delek Us Holdings Inc 1,955.58 16,917.40 46.70 1,326
Bp Plc 670,800.01 213,032.00 15,880.00 0
The Aes Corporation 10,586.06 12,668.00 -182.00 8,450
Cms energy Corporation 16,967.91 6,921.00 886.00 9,778
Consolidated Edison Inc 31,090.96 14,663.00 2,516.00 13,871
Constellation Energy Corporation 54,873.00 26,395.00 761.00 11,696
Dominion Energy Inc 46,512.53 17,769.00 1,717.00 17,100
Firstenergy Corp 21,930.95 12,870.00 1,176.00 12,395
Pg and e Corp 34,291.92 24,428.00 2,256.00 26,000
Ppl Corporation 19,857.15 8,571.00 817.00 5,607
P10 Inc 938.02 235.80 -1.04 27,780
Public Service Enterprise Group Incorporated 31,990.04 11,237.00 2,563.00 12,684
Sempra 44,659.29 16,720.00 3,618.00 15,390
The Southern Company 76,223.16 29,117.00 3,144.00 27,300
Wec Energy Group Inc 25,567.38 8,893.00 1,331.70 6,938
Chesapeake Energy Corporation 10,001.92 8,721.00 2,419.00 0
Ameren Corporation 18,929.10 7,500.00 1,157.00 9,116
Air Products And Chemicals Inc 54,690.43 12,600.00 2,338.60 21,900
Berkshire Hathaway Inc 492,047.10 349,271.00 77,710.00 0
Oil dri Corporation Of America 476.63 427.95 43.53 797
Mdu Resources Group Inc 4,539.31 4,657.34 414.71 9,598
Smart Sand Inc 72.45 295.97 4.65 103
Arq Inc 169.44 0.00 0.00 0
Cabot Corporation 5,071.73 3,931.00 484.00 4,300
Lsb Industries Inc 571.72 694.08 99.14 610
Sprague Resources Lp 524.73 4,895.98 -99.44 600
American Electric Power Co Inc 42,787.15 18,982.30 2,212.60 16,688
Chevron Corp 292,337.70 200,949.00 21,411.00 42,595
Duke Energy Corporation 73,350.54 29,060.00 2,874.00 27,605
Edison International 26,541.84 16,338.00 1,407.00 13,003
Exelon Corporation 36,412.31 21,727.00 2,328.00 31,518
Murphy Oil Corporation 6,838.20 3,460.15 723.68 1,712
Cf Industries Holdings inc 16,660.67 6,631.00 1,838.00 3,000
Dover Corporation 24,512.23 8,437.63 2,326.83 25,000
Hess Corporation 46,230.82 10,511.00 1,738.00 1,545
Nrg Energy inc 14,857.14 28,823.00 -202.00 6,635
Marathon Petroleum Corporation 79,267.03 148,379.00 11,172.00 17,700
Mosaic Co 10,723.74 13,695.60 1,209.20 12,525
Meritor Inc. 2,620.70 4,295.00 264.00 8,400
American Axle and Manufacturing Holdings Inc 783.23 6,079.30 -33.60 13,050
Dana Inc 1,712.92 10,555.00 48.00 22,600
Cooper standard Holdings Inc 242.07 2,815.78 -203.32 29,000
Horizon Global Corp 48.71 675.32 -91.22 2,700
Superior Industries International Inc 70.67 1,477.41 -73.96 3,050
Omnitek Engineering Corp 0.41 1.05 -0.17 11
China Green Agriculture Inc 40.14 113.65 -18.12 17
Century Aluminum Company 1,125.19 2,184.90 -52.30 1,778
Novelis Inc 0.00 16,530.00 590.00 11,970
Remitly Global Inc 3,651.23 944.29 -117.84 0
Titan International Inc 781.30 1,820.85 83.71 600
Westlake Chemical Partners Lp 796.41 1,190.79 334.63 141
Kaiser Aluminum Corporation 1,262.76 3,141.30 13.20 2,760
Enpro Inc 3,271.01 1,058.80 18.30 5,000
Vital Energy inc 1,071.23 1,547.60 695.08 0
Riley Exploration Permian Inc 587.15 375.05 111.59 0
Antero Midstream Corporation 6,474.87 1,054.42 375.18 1
Blue Dolphin Energy Company 69.54 400.52 31.81 10
Genesis Energy Lp 1,310.48 3,177.00 146.35 1,200
Gaming And Leisure Properties inc 11,947.34 1,440.39 755.37 940
Macquarie Infrastructure Holdings Llc 367.53 480.12 2,681.71 3,600
Cvr Energy inc 3,576.60 9,247.00 878.00 968
Icahn Enterprises l p 6,569.83 15,395.00 390.00 14,258
Imperial Oil Limited 38,950.76 39,042.25 3,744.97 5,600
Pbf Energy Inc 7,232.61 38,324.80 2,162.00 3,165
SUBTOTAL 3,691,167.71 2,425,183.61 279,736.97 815,347


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